Data and Statistics
Data and statistical analysis in the Asia and Pacific region contribute to knowledge generation in ADB, helping strengthen its institutional priorities and operational effectiveness in its developing member economies.
Mr. Park is the chief spokesperson for ADB on economic issues. He leads the Economic Research and Regional Cooperation Department (ERCD), which publishes key knowledge products such as the Asian Development Outlook, Asian Economic Integration Report, Asia Bond Monitor, and Key Indicators for Asia and the Pacific.
Read the news release on his appointment.
ADB has lowered its economic growth forecasts for developing Asia and the Pacific amid a worsened global outlook.
The impacts of the Russian invasion of Ukraine on small businesses in Central and West Asia underscore the need for improved strategies to strengthen the entrepreneurial base in the region, according to a report by ADB.
Aggressive monetary tightening in advanced economies has pushed up bond yields and worsened the downturn of financial conditions in emerging East Asia, according to a report by ADB.
ADB again lowered its forecasts for economic growth in developing Asia and the Pacific, amid mounting challenges.
Remarks by Albert Francis Park, ADB Chief Economist and Director General, Economic Research and Regional Cooperation Department, at the ADB-KOSTAT MoU Signing Ceremony, 12 December 2022
Mr. Park has more than 2 decades of experience as a development economist. A well-known expert on the economy of the People’s Republic of China, he has directed a number of large-scale research projects in the country. He has also served as an international consultant for the World Bank and a member of the steering committee for the Asia-Pacific Research Universities’ Population Aging Hub. Mr. Park has worked on a broad range of development issues including poverty and inequality, intergenerational mobility, microfinance, migration and labor markets, the future of work, and foreign investment.
Mr. Park is Chair Professor of Economics (on leave) at Hong Kong University of Science and Technology (HKUST) and previously served as Director of the Center for Economic Policy at HKUST. He also served as a founding director of HKUST’s Institute for Emerging Market Studies, professor at the University of Oxford, and associate professor at the University of Michigan. He has held editorial positions at a number of leading economic journals.
A national of the United States, he received his bachelor’s degree in economics from Harvard University and his doctorate in applied economics from Stanford University.